Taurus II Project summary

Taurus II Project summary - Analysis The TAURUS II project...

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Analysis The TAURUS II project was one of the biggest failures the London Stock Exchange has experienced to date. It did not finish at all – being abandoned by March 1994 (2 years over the intended start date) and was severely over budget - having extracted a direct expenditure by the London Stock Exchange of ₤80,000,000 at time of abandonment (compared to the ₤45,000,000 initially projected). After researching the Taurus project, we can conclude that the project was an overwhelming target in terms of all that it wished to achieve – transfer of electronic funds, electronic share ownership transfer and the elimination of the paper system – within the tight timeframes. As with the original TAURUS project, one of the other main reasons of failure was politics and clashing interests. There was inconsistency between power and responsibilities because the London Stock Exchange was the party primarily responsible for the Taurus project, yet it did not have the power to stop the
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Taurus II Project summary - Analysis The TAURUS II project...

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